1. Which of the following is a policy lever available with the central bank in a fixed exchange rate system which is not available in a floating exchange rate system?
a. Monetary policy
b. Fiscal policy
c. Exchange rate policy
d. Trade policy
e. Interest rate policy
2. Convert each of the following direct quotes to dollar indirect quotes:
1 Danish krone = $0.1845 (Round your answer to 3 decimal places.)
1 Indian rupee = $0.0239 (Round your answer to 3 decimal places.)
1 Israeli shekel = $0.2804 (Round your answer to 3 decimal places.)